Landmark Wealth Management LLC Sells 78 Shares of Oracle Co. (NYSE:ORCL)

Landmark Wealth Management LLC trimmed its position in Oracle Co. (NYSE:ORCL) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 6,788 shares of the enterprise software provider’s stock after selling 78 shares during the quarter. Landmark Wealth Management LLC’s holdings in Oracle were worth $1,131,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares during the last quarter. RMR Wealth Builders increased its stake in Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after acquiring an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC raised its position in Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares in the last quarter. Chase Investment Counsel Corp purchased a new stake in Oracle during the third quarter valued at about $4,160,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Oracle by 79.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 286,460 shares of the enterprise software provider’s stock worth $48,813,000 after purchasing an additional 126,985 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Down 13.9 %

Shares of NYSE:ORCL opened at $158.10 on Tuesday. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The stock has a market capitalization of $442.19 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 3.62 and a beta of 1.06. The stock has a fifty day simple moving average of $174.41 and a two-hundred day simple moving average of $162.79. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 EPS. On average, research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Evercore ISI lifted their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. BMO Capital Markets raised their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Morgan Stanley raised their price target on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Finally, KeyCorp upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.